Apr. 24, 2025

Nippon Steel Corporation

Nippon Steel has agreed, and hereby provides notice, that it will sell some class shares in Nippon Steel Kowa Real Estate Co., Ltd. (hereinafter " Nippon Steel Kowa ") owned by Nippon Steel to ML Estate Company, Limited (hereinafter " ML Estate "), a wholly-owned subsidiary of Mizuho Leasing Co., Ltd. (hereinafter " Mizuho Leasing ").

Nippon Steel has positioned Nippon Steel Kowa, which was established on October 1, 2012, through the business integration of the former Nippon Steel City Produce, Inc. and former Kowa Real Estate Co., Ltd., as an equity method affiliate through acquiring its common and class shares. Nippon Steel recently decided to sell some class shares of Nippon Steel Kowa owned by Nippon Steel (51,645 shares out of 108,699 shares) to ML Estate. The sale of these shares will not affect Nippon Steel's voting rights ratio, and there will be no change to Nippon Steel Kowa 's status as an equity method affiliate of Nippon Steel.

The effect of the sale of the said class shares is immaterial to the consolidated financial results of Nippon Steel.

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